Sherman Associates has secured a $49.5 million bridge loan to refinance a newly-built multifamily community in Minneapolis, Commercial Observer has learned. Dwight Mortgage Trust (DMT) supplied the loan for the Minneapolis developer’s Moment Apartments project that opened in late 2023. Loan proceeds will be used to retire existing debt, fund reserves and cover transaction-related costs,
Key Takeaways Mortgage rates just barely edged higher this week, holding onto much of a substantial decline from a mid-April surge triggered by President Trump’s tariff moves. Rates on new 30-year fixed-rate loans were 13 points lower Friday than five weeks ago, sitting now at a 7.01% average. 15-year rates have fallen even further since
A&D Mortgage, an issuer of Non-QM residential mortgage-backed securities, has closed its second securitization this year, along with Atlas Merchant Capital and Imperial Fund. The $426.67 million transaction marks the 25th issued with A&D-originated collateral and is the 16th to feature collateral originated and serviced by A&D under the Imperial Fund Asset Management platform. A&D
Mortgage rates continued to fluctuate on Monday, May 19, 2025, with the national average for a 30-year fixed mortgage rising to 7.05%, according to Zillow. This marks a slight increase from 7.03% the previous day and a 4 basis point jump from last week’s average of 7.01%. Meanwhile, the average 15-year fixed mortgage rate edged
“We are left with a home worth $310,000 — not $415,000.” (Photo subject is a model.) – Getty Images/iStockphoto My wife decided to agree to purchase a home from her daughter, my stepdaughter. As her daughter is family, a simple agreement was drawn up, not an actual real-estate contract to purchase. The agreement was for
Dear Claudienne, I am seeking your assistance with an urgent issue regarding my mortgage application at JN Building Society (JNBS). I currently live overseas and have been transferring funds to my JNBS account as instructed, but my account balance is not reflecting these updated transfers. Details of Transfers: On November 20, 2024, I transferred $490,000.00
PAYING a mortgage off early might seem like a pipe dream for most people. It’s typically the largest debt you’ll ever have, taking decades to pay off. 2 Pay your mortgage off early on an average wageCredit: Alamy But it is possible to make that dream a reality, even on an average wage. Monthly mortgage
Mortgage spreads Mortgage spreads — the difference between the 10-year Treasury yield and the 30-year mortgage rate — are a complex topic. Over the past decade, they haven’t received much attention because spreads were typical and not a concern. Under normal circumstances, the spread typically ranges from 1.60% to 1.80%. A historical review of these
Mortgage rates climbed for the second week in a row, denting home affordability in the middle of homebuying season. The average rate on the 30-year fixed-rate mortgage went up seven basis points to 7.01% in the week ending May 15, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of
The average top tier 30yr fixed rate is set to end the week just a few hundredths of a percent higher than last Friday at 6.92%. That’s a victory–albeit a small one–after hitting 6.99% on Wednesday. As always, these rates refer to an index representing broad industry averages for best-case scenarios. Individual lenders and scenarios